Forex Market Review: Dollar Firms, German Ifo Rises
United States of America. The US dollar is strengthening against the pound and the yen, while showing mixed performance against the euro.
Markets
23
February
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By Sagar Dua - 298
Shares of Altria Group Inc., one of the leaders in the tobacco market, are trading at the 67.00 level.
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By Sagar Dua
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Since the start of Monday trading, the GBP/USD pair has gained 0.38% and is trading near the 1.3530 level amid macroeconomic data from the United Kingdom.
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By Sagar Dua
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The UK stock index FTSE 100 is gaining ground, holding near the 10,661.0 level despite an ongoing political crisis in the country.
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By Sagar Dua
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During the Asian session, the USD/JPY pair maintains a corrective trend, trading near 154.28 amid a broadly stable US dollar.
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By Sagar Dua
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EUR/USD. The European currency is showing confident growth in the EUR/USD pair, extending the corrective impulse formed at the end of last week, and during the Asian session it is testing the 1.1820 level for an upside breakout, while market participants await new catalysts.
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By Sagar Dua
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The US dollar is showing active but mixed dynamics in the USD/CAD pair during the Asian session, consolidating near the 1.3670 area as market participants await new drivers and assess the fundamental signals that emerged last week.
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By Sagar Dua
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The European currency is showing solid gains in the EUR/USD pair, extending the corrective momentum formed at the end of last week, and during the Asian session is testing the 1.1820 level for an upside breakout, while market participants await new catalysts.
20
February
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By Sagar Dua
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Shares of McDonald’s Corp., the world’s largest fast-food chain, are trading near 330.00 following the release of its latest financial report.
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By Sagar Dua
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United States of America. The U.S. dollar is weakening against the pound but shows mixed dynamics against the euro and the yen.
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By Sagar Dua
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The XPT/USD pair has entered a key sideways range of 2186.07–2012.14 (50.0–61.5% Fibonacci retracement), where it has been trading for more than two weeks. Over the past three sessions, prices have attempted to resume upward momentum amid escalating tensions in the Middle East.
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By Sagar Dua
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The US dollar is showing mixed dynamics in the USD/JPY pair, holding near the 155.20 level during the Asian session as investors analyze Japan’s January inflation data. In annual terms, the headline consumer price index slowed sharply from 2.1% to 1.5%, coming in below average forecasts, while the core indicator eased from 2.9% to 2.6%.
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By Sagar Dua
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EUR/USD. The euro is posting a moderate pullback against the US dollar, extending a corrective move across the ultra-short-term and short-term horizons. The pair is testing the 1.1750 level to the downside, holding close to the local lows recorded on January 23.
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